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Why Ethereum Will Keep Climbing in Coming Months: Bitwise

2025-07-23 16:46:50

Main Idea

Bitwise Chief Investment Officer Matt Hougan predicts Ethereum's price will rise due to high demand from exchange-traded products and corporate treasuries, outpacing new supply.

Key Points

1. Ethereum's price is expected to rise as demand from exchange-traded products and corporate treasuries significantly exceeds new supply, with a 7:1 demand-to-supply ratio.

2. Spot Ethereum ETPs have seen $5 billion in net investments since May 15, 2025, doubling their total inflows from the first 10 months.

3. Public companies like BitMine Immersion, Sharplink Gaming, and Bit Digital have collectively acquired over $2.5 billion worth of ETH for their treasuries.

4. Despite strong institutional demand, Ethereum's short-term price momentum has lagged, trading around $3,600, down nearly 2%.

5. The GENIUS Act and corporate treasury shifts highlight growing institutional confidence in Ethereum's long-term potential.

Description

Demand for Ethereum is likely to outpace supply, fueling continued gains. ETH's price has risen almost 14% over the past week despite dropping on Wednesday.

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